Despite COVID-19, Richardson sales tax collections up again in June

(Community Impact staff)
(Community Impact staff)

(Community Impact staff)

Richardson continues to see an upward trend in month-over-month sales tax collections, according to data from the Texas Comptroller’s Office.

The city collected $4.6 million in sales tax revenue in June, which is 43% more than the $3.2 million received in May and 14.9% more than this time last year, according to data.

This brings the city’s year-to-date collections to $29.1 million, a 9% increase year over year.

Richardson fared well compared to neighboring cities. The city of Plano saw a .87% monthly increase, while the city of Dallas saw a decrease of 5%.

Sales tax revenue is critical to the city’s budget because it is the second largest revenue source in the general fund, Assistant City Manager Shanna Sims-Bradish said.

“Major crisis events, such as COVID-19, create instability in this revenue source, which is why it is watched closely to try to determine trends to allow for better future budgeting decisions,” she said in an email.


Despite the favorable outcome in monthly sales tax receipts, staff still projects collections to be down at the end of the year due to the pandemic. City Manager Dan Johnson said during an Aug. 10 budget briefing that he expects receipts to land at $36.4 million at the end of this fiscal year, which is an annual decrease of $1.7 million.
By Makenzie Plusnick
Makenzie graduated from Tarleton State University in 2019 with a degree in communications. While in school, she interned at the Weatherford Democrat and was editor of Texan News Service, a news outlet at Tarleton. She enjoys true crime podcasts, riding horses, and spending time with her dog.


MOST RECENT

A Layne's Chicken Fingers restaurant will open in Roanoke in 2021 at the site of the former Dairy Queen on US 377. (Courtesy Layne's Chicken Fingers)
Layne's Chicken Fingers to open in Roanoke; meat, seafood market set for Frisco and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

The British Emporium offers a wide selection of imported goods and groceries. (Courtesy The British Emporium)
British Emporium to continue operating at Fish & Fizz in Richardson

The business offers traditional British foods, such as brandy butter, mince pies, crackers and more.

The new 945 area code will be deployed Jan. 15 for the region that presently uses area codes 214, 469 and 972. (Courtesy Adobe Stock)
Frisco gets new area code; Popeyes to open in McKinney and more top DFW news

Read the top news from the past week from the Dallas-Fort Worth area.

Burnt BBQ & Tacos' menu offers several different barbecue and taco options. (Courtesy Burnt BBQ & Tacos)
Burnt BBQ & Tacos opens in Plano and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

The candidate filing period for the May 1 Richardson City Council election will remain open until Feb. 12. (Community Impact Newspaper staff)
Six candidates file to run for Richardson City Council in May

Three incumbents and three newcomers had submitted applications to run in the May 1 election on first day of the filing period.

The candidate filing period for the May 1 Richardson ISD board of trustees election will remain open until Feb. 12.  (Courtesy Adobe Stock)
Filing period now open for Richardson ISD board of trustees election

The filing window for the May 1 election will remain open until Feb. 12.

The candidate filing period for the May 1 Plano ISD board of trustees election will remain open until Feb. 12. (Community Impact Newspaper staff)
2 Plano ISD incumbents file for board of trustees election

The candidate filing period for the May 1 election will continue until Feb. 12.

Lake Highlands Junior High could be replaced as part of the $750 million bond package under consideration by the Richardson ISD board of trustees. (Courtesy Richardson ISD)
Steering committee recommends $750M bond package to Richardson ISD board

Among proposed projects is the first phase of construction at junior high campuses to make room for district sixth graders.

The model home for The Village at Abrams gated community is expected to be ready this summer. (Courtesy Serene Global)
The Village at Abrams gated community coming soon to Richardson

The gated community is expected to have 34 single-family homes with prices starting at $550,000.

Texas Comptroller of Public Accounts Glenn Hegar shared a new revenue estimate for the 2022-23 biennium Jan. 11. (Courtesy Texas Comptroller of Public Accounts)
Comptroller projects drop in state revenue, potential for economic uptick for next biennium

Despite the slight reduction in expected revenue for the state's 2022-23 budget, recovery could be on the horizon.

County commissioners sent a joint letter Jan. 12 to Commissioner John Hellerstedt of the Texas Department of State Health Services to request additional doses of the COVID-19 vaccine. State health officials have since committed to send 6,975 doses of the Moderna vaccine to the county next week. (Courtesy Baylor College of Medicine)
Collin County to receive nearly 7,000 doses of COVID-19 vaccine

State health officials have committed to send 6,975 doses of the Moderna vaccine to the county next week.

Chick-fil-A opened its first Colleyville location Jan. 6. (Courtesy Chick-fil-A)
Chick-fil-A opens in Colleyville; Collin County partnership to dole out vaccines and more DFW news

Read the latest business and community news from the Dallas-Fort Worth area.